Reduction of oil deliveries | IFCM Brasil
IFC Markets Corretora Online de CFDs

Reduction of oil deliveries

  • IFC Markets
    2023/02/27
  • IFC Markets
    2023/02/20
  • IFC Markets
    2023/02/13
  • IFC Markets
    2023/02/06
  • IFC Markets
    2023/01/30
  • IFC Markets
    2023/01/23
  • IFC Markets
    2023/01/16
  • IFC Markets
    2023/01/09
Suscríbase a nuestro canal de YouTube y reciba los nuevos vídeos de IFC Markets

Last week was marked by the strengthening of the US dollar and the stock market. The decline in political uncertainty and the increase in Treasury yields acted as determining factors.

On Monday, the US dollar strengthened on the background of Macron’s victory in presidential elections. The ICE dollar index, which measures the US dollar against the basket of six major currencies, rose by 0.6%. The Dow Jones index closed at a record high, the leader of the growth was the energy sector. The NASDAQ index added 0.03% closing at a record high at 6102.66.

On Tuesday, the US stock market closed lower, despite good corporate reports- the stocks of energy companies dropped with a decrease in oil prices. The dollar continued strengthening- the statements of the official representatives of the Central Bank indicated that the Fed would implement the policy of gradual rate hikes. The S&P 500 dropped by 0.1%, seven out of the eleven main sectors closed “in the red”, the leaders of the decrease were the sectors of utilities, energy and materials.

On Wednesday, the US stocks closed with a slight increase, the leader of the growth was the energy sector amid the growth in oil prices. The dollar increased on the background of the growth in Treasury bonds’ yields: the ICE dollar index, which measures the US dollar against the basket of six major currencies, closed 0.1% higher. The S&P 500 added less than 0.1% at 2399.63, with eight of the eleven sectors closing higher, the leader of the growth was the energy sector up 1.1%.

On Thursday, oil prices rose by 1.5%on information about the reduction of deliveries from Saudi Arabia into Asia. Also, according to the Department of Energy, an additional factor was the decline in oil reserves in the US. The WTI futures rose to 48 dollars per barrel.

On Friday, the Russian ruble slightly strengthened. A certain impact was made by the upcoming tax payments and the growth of oil prices. The European stock markets recorded an increase. Positive corporate reports were released. It also became known that in the first quarter the German economy showed the GDP growth at the level of 0.6%. The main drivers of the growth were construction and exports.

This week we expect the publication of the unemployment rate in the US and the jobless claims. Positive data-the decrease of both indicators is likely to strengthen the market expectations of an interest rate hike in June. This, in its turn, will support the strengthening of the dollar against the basket of the most liquid currencies.

Nova ferramenta analítica exclusiva

Qualquer período- de 1 dia a 1 ano

Todos os grupos- Forex, Ações, Índices, etc.

 
Close support
Call to Skype Call to WhatsApp Call Back